Day: February 21, 2024

Shell Egypt is delighted to unveil the winners of its NXplorers Programme Competition, held in conjunction with the Egypt Energy Show (EGYPES) 2024 as part of the young professional feature of EGYPES. The competition, which attracted 65 undergraduates from all across Egypt, showcased the innovative solutions and creative problem-solving skills…

The competition authorities of the BRICS countries (Brazil, Russia, India, China, and South Africa) gathered in Cairo, Egypt, on Wednesday for a two-day meeting to discuss critical issues related to global food supply chains and grain trade. This marks the first competition-related meeting hosted by Egypt since its official accession…

Specialists from the National Technological Initiative (NTI) presented Russian President Vladimir Putin with a project to promote technological solutions with support from TV BRICS, during the Agency for Strategic Initiatives (ASI) forum “Strong Ideas for New Times.” Andrey Shket, Director of the Skolkovo Institute of Science and Technology Endowment Fund,…

Amazon.eg announces the launch of the Ramadan Sale event, kicking off at midnight on February 27th, exclusively for Amazon Prime members, and on February 28th at midnight for all customers, running until March 8th. This year’s Ramadan Sale event includes saving benefits of up to 50% to support customers as…

Norwegian renewable energy firm Scatec inked an agreement with the Aluminium Company of Egypt (EgyptAlum) to construct a one-gigawatt solar power plant to power the Nagaa Hammadi industrial complex in Upper Egypt, a Facebook statement by the Ministry of Public Business Sector on 21 February. “The project, in partnership with…

The president of the Arab Women Investors Union Hoda Yassa said that the union has prepared a trade exchange list in local currencies that aims to increase Egyptian exports to the BRICS group, following Egypt’s recent accession to the bloc. Yassa explained that this list includes furniture, textiles, ready-made clothing,…

The Commercial International Bank – Egypt (CIB) announced that it will hold an extraordinary general assembly of its shareholders on 25 March to seek their approval for issuing financial instruments or supporting loans or deposits or mixed financial instruments up to a maximum of $1bn or its equivalent in local…

DisrupTech Ventures, a venture capital firm founded by Mohamed Okasha, revealed that foreign private investment funds from Africa and the Gulf are expected to invest $220m in Egyptian startups over the next two years, based on international reports. Okasha made this statement at the “Communications and Technology Session and Opportunities…

Egypt’s M&A activity saw a mixed performance in 2023, according to a report by global law firm Baker McKenzie. While overall deal volume and value declined compared to 2022, the second half of the year exhibited a significant surge, highlighting the market’s resilience and potential for growth. Egypt’s M&A in…